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Corporate finance accountant with experience in benefits and compensation accounting including stock compensation. Provided support and subject matter expertise on accounting related items as a corporate finance business partner, for broad HR team including G&A budget for compensation & benefits.

  • Microsoft Certified Professional (MCP).
  • Proficient in Microsoft Office, SAP FI/CO (SAP Financial Accounting/Controlling) Hyperion Essbase & SAP BW (SAP Business Warehouse). Familiarity with advanced Excel functions i.e. pivot tables, macros, vlookup, nested functions, advanced filters, and graphs for management presentations.
  • IT proficient and a quick learner of new applications and tools.
  • Successfully managed complex FAS 123R transition.

Work experience

Aug 2008Feb 2009


  • Trained corporate clients on using FAS-trak(r), Merrill's financial reporting solution for FAS 123R.
  • Lead presentation and discussion on data integrity issues and communicated common implementation challenges with FAS-trak(r).
  • Worked with underwriting and conversion during on boarding of new clients to assess the degree of difficulty prior to implementation and provided guidance during conversion.
Nov 2007May 2008

Mgr. Financial Analyst Controller's

  • Attended Corp. Controller's monthly balance sheet review meetings; presented financial analyses for Stock buyback program, Stock Options and ESPP activity and Restricted Stock Units (RSUs) distributions analysis. Provided analysis and commentary on global current and non-current assets variances.
  • Verified that reconciliations were completed at the prescribed frequency, detailing open items on each general ledger account. Ensured documentation evidencing the preparation and review of the reconciliations were maintained and available for external auditor's (PWC) and for the Controller's monthly balance sheet review meeting.
  • Prepared quarterly current ($145M)/non-current assets ($225M) analysis and SOX binder for review by external auditors PricewaterhouseCoopers (PWC).
Jun 2000Oct 2007

Mgr. Benefits & Compensation Finance

  • Provided monthly variance analysis and commentary for income statement and balance sheet items as account owner.
  • Reviewed business partners journal entries (JEs'), documented support and approved and posted items to SAP general ledger.
  • Part of team responsible for retiring outstanding shares (464M), in the money stock options and restricted stock units valued at $8.2B taking the company private in October 2007.
  • Researched and proposed time sensitive information for accelerating unvested underwater stock options in July 2005. The action resulted in 10.2m stock options becoming exercisable and the consolidated statement of operations to be $62m lower on a pretax basis over the ensuing three years.
  • Discussed with HR business partners, annual expenditures for compensation and benefits (Health/Dental benefits, IBNR, Pensions & Post retirement, Share-Based Plans: Stock Options, ESPP & RSUs, savings plan (401K), adoption assistance and cafeteria plan), and prepared budgets for our finance group.
  • Supervised health and welfare benefits; tracked expenses on cost centers, monitored union employee programs and arranged for monthly payments to third party providers. Interfaced with Executive HR on split-dollar-life insurance activityand Deferred Compensation Plans.
  • Interfaced with third party provider and HR for the Flexible Spending Account - Section 125 Cafeteria Plans - program for both the Health Care and Child and Elder care reimbursement accounts. Analyzed monthly reporting by third party provider and recorded transactions to the general ledger (G/L).
  • Prepared quarterly management equity package - flash cards - for balance sheet changes resulting from activities i.e. Minimum Pension Liability, Shares repurchased and Common Stock Offering.
  • Built strong relationships with key individuals in business areas including "investor relations" by providing meaningful and timely analysis.
  • Supported the company's equity compensation disclosures in SEC Form 10-K and 10-Q for FAS 123R "Share-Based Payment". Prior to implementation of new pronouncement, utilized Black-Scholes option pricing model in determining "fair value" for stock options. Recorded all activity, including amortization for stock-based compensation, and monthly/quarterly reviewed recap reports i.e. Awards, exercises/lapses, and forfeitures/cancels.
  • ESPP - Calculated & approved purchase of stock and issued authorization to transfer agent (TA); Bank of New York Mellon to release shares to the Plan participants.
  • Managed relationship with transfer agent and performed due diligence on monthly shares outstanding, ensuring that report was consistent with data from other vendor relationships including; E*Trade, and Computershare.
  • Reviewed Stock buyback program, recorded shares repurchased and provided weighted shares and Common Stock Equivalents -FAS 128- from potentially diluted options for basic and diluted earnings per share calc.
  • Created Sarbanes-Oxley (SOX) controls for Options, ESPP& RSUs. Discussed procedures with Deloitte and reviewed & prepared updated language for the finance portions of the controls.
Jul 1990Jun 2000

Manager /Team Leader

Teamsters Local 560 Benefit Funds.
  • Ensured system access capabilities for payments were commensurate with employee job duties.
  • Payments of invoices were remitted in a timely manner - Processing daily Invoices, check requests and wire transfers.
  • As Team Leader, prepared Benefit Plans Financial Statements (Health & Welfare and Pension) for 5 Funds including supporting work papers and journal entries. Supervised annual audits with external Auditors (Deloitte).
  • Handled month and year-end closings. Prepared and maintained General Ledger accounts.
  • Prepared annual/quarterly tax returns (Forms 945 & 941) and reviewed (Forms 5500 & 990).
  • Organized accounting/reporting systems to enhance its informational/ decision-making value.



(SAP, Advanced Excel, Hyperion Essbase)


Sean Gaffney

“Carl worked for me as a subject matter expert for FAS 123r implementations at Merrill Lynch. Throughout his enagagement with Merrill, Carl consistently delivered timely and accurate results. In this position, Carl needed to be persuasive, yet, understanding and he excelled at both skills. I would definitely recommend him for an accounting position; particularly one that was focused on SFAS 123r.” April 22, 2009

Charlie Reichold

“In working closely with Carlos over the past seven years, I have witnessed the high level of support and professionalism with which he performs his job and supports his clients. Carlos is extremely knowledgeable and knows how to "cut through the red tape" to meet tight deadlines. He is able to explain complicated financial strategies in layman's terms and has been an exemplary finance partner.” June 23, 2008